SINGAPORE (EDGEPROP) – Located on Hougang Pathway 7, Riverfront Residences has been actually making a buzz amongst HDB upgraders around. Until the launch of Riverfront Residences in mid-2018, there has actually been actually no brand-new launch of an exclusive condominium in the area for much more than 3 years.
Visit this: Riverfront Residences showflat
Riverfront Residences possesses an overall of 1,472 units, making up 9 17-storey blocks of one- to five-bedroom homes, 21 strata landed residences and also six strata stores. 4- and also five-bedroom fee systems at the project possessed exclusive lift accessibility.
The job utilizes the site of the former Rio Casa, a 286-unit privatised HUDC estate. The website was actually bought en bloc by Oxley Holdings and its joint-venture companions KSH Holdings, SLB Growth (listed home advancement upper arm of Lian Beng Group) as well as Apricot Funds (expenditure upper arm of the Teo family members of Super Group). The acquisition price of Rio Casa in Might 2017 was actually $783 thousand, turning right into a property fee of $706 psf every plot ratio. This consisted of the differential superior and also lease top-up premium.
” The existing progressions along Hougang Method 7 are over one decade outdated. Riverfront Residences with its modern glass window curtain wall surface appearance are going to alter the streetscape of this particular road as well as infuse a new lease of lifespan and vibrancy,” says Oxley.
Facilities to match every lifestyle
As the Oxley-led consortium had actually purchased the website before property prices raised, it has the capacity to rate units at Riverfront Residences well. Based on URA Realis records, 1,200 units have actually been launched for sale as of end-June. Among these, 1,052 units have actually been marketed. In the month of June, ordinary psf rate achieved at the job was at $1,307. Depending on to Oxley, prices of some devices still begin at much more than $1,100 psf.
Along with its own area at the HDB real estates in Hougang, Upper Serangoon View, Punggol as well as Sengkang, Oxley claims the mass of buyers are actually HDB upgraders.
“It is the comprehensive approach that Riverfront Residences has [whether it’s] rate, resources, style or location. They all accumulate beautifully, bring in the acquiring selection an effortless one,” states Oxley.